The Macroeconomics of Economic Development

In this course we will examine macroeconomic aspects of economic development. We will explore theoretical models combining insights from growth theory, classical development theory, and structuralist macroeconomics. Topics include dualism, surplus labor, increasing returns, poverty traps, and the role of external and demand constraints in the growth process. We will also review applied work and case studies, in order to understand how these theories illuminate concrete issues that have faced developing countries (ECON 0240 or ECON 0250) 3 hrs. sem.